subject
Business, 05.05.2020 08:39 msjoey45

A man wishes to accumulate $50000 by making level monthly end of month contributions for 20 years into an account that earns 4.5% interest annually convertible monthly. After 5 years the interest rate increases to 5.4% annually convertible monthly. What should the new monthly contributions be if he still wishes to accumulate $50000 at the end of 20 years

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:10
At the end of the year, blossom co. has pretax financial income of $561,000. included in the $561,000 is $73,000 interest income on municipal bonds, $25,000 fine for dumping hazardous waste, and depreciation of $64,400. depreciation for tax purposes is $48,300. compute income taxes payable, assuming the tax rate is 30% for all periods.
Answers: 2
question
Business, 21.06.2019 16:10
Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.
Answers: 2
question
Business, 22.06.2019 01:20
Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her
Answers: 1
question
Business, 22.06.2019 04:00
Don’t give me to many notifications because it will cause you to lose alot of points
Answers: 1
You know the right answer?
A man wishes to accumulate $50000 by making level monthly end of month contributions for 20 years in...
Questions
question
Mathematics, 03.06.2021 23:10
question
English, 03.06.2021 23:10
question
Mathematics, 03.06.2021 23:10
question
Mathematics, 03.06.2021 23:10
Questions on the website: 13722363